Electric Power Sports Market Analysis

Application (Recreational Riding, Racing, Utility Work, Adventure Sports, Touring)

In electric power sports market, recreational riding segment is projected to account for revenue share of around 34.7% by 2035. As more people tend to seek interest in outdoor adventures, recreational activities such as electric dirt biking, off-road riding, and electric snowmobiling have garnered considerable interest. In addition, electric power sports offer great solutions for consumers inclined towards sustainable alternatives over traditional recreational vehicles. For instance, in December 2023, Toyota announced the sale of its brand-new Crown Sport Plug-in Hybrid Electric Vehicle (PHEV) model. This model in the Crown lineup is intended to improve the fun, sporty driving experience. Thus, the alignment of consumer preference with sustainable innovations assists in the expansion of recreational riding in the market.

Vehicle Type (Electric Motorcycles, Electric ATVs, Electric Snowmobiles, Electric Bicycles, Electric Scooters)

The electric motorcycle segment is projected to garner significant growth traction in the electric power sports market during the forecasted timeline. Electric motorcycles have gained much attention due to their ability to deliver impressive performance characteristics, such as rapid acceleration and enhanced torque, similar to traditional gasoline-powered models. Furthermore, the growing sense of sustainability coupled with reduced carbon emissions is further promoting interest in electric motorcycles. For instance, in February 2024, Revolt introduced the 150-kilometer-range RV400 BRZ electric motorcycle. Its long-range capability makes it more useful and appealing to users looking for sustainable and effective urban commuting options. Thus, the motorcycle segment will continue to evolve and render choices to consumers seeking performance, sustainability, and convenience.

Our in-depth analysis of the global market includes the following segments: